Uk Oil & Gas Share Discussion Threads

[simon8] 22/9/2016 14:27

30M new shares post 29 Sept, someone made some cash if they intend to churn.....

[funkmasterp12] 22/9/2016 13:51

It still doesn't help the UKOG investment case though. There's clearly oil there but that doesn't mean UKOG can make a business out of extracting it. There's no evidence so far that UKOG can be viable, in my opinion. And we'll only really know later down the line when existing holders will have (probably) been severely diluted.

[mikeygit] 22/9/2016 13:46

WE need vocal Govt backing---still too few people are aware of the vast reserves sitting under their homes and the excellent investment potential. Shout it from the roof tops--PLEASE!! Times like this the UK needs to promote itself!!!

[moneymunch] 22/9/2016 12:39

and more cash in the kitty from very confident Director's......Gla holders, Momentum building....and wonder if the Southern shale oil reserves will get a mention in this years Autumn Statement along with the Northern shale gas reserves. ;-)

[beebong1] 22/9/2016 11:42

"UK Oil & Gas Investments PLC (London AIM and ISDX: UKOG) announces that it has received notice of the exercise of options to subscribe for a total of 30 million new ordinary shares in the Company (the "New Ordinary Shares"). The exercise price of these options was 0.4 pence. The Company has received £120,000 in respect of this exercise."

"Stephen Sanderson and Jason Berry, hold fully vested options over 25,000,000 and 10,000,000 ordinary shares each (total options held by directors is 35,000,000) which are exercisable at 0.4p and 1.15p each up until 31 December 2017, and 22 August 2019, respectively."


40m still left in that pot.

[moneymunch] 22/9/2016 10:26

Lol much better to have 50 negeative/irrelevant posts a day from those that aren't invested...pmsl....;-)))

ps It's always useful to highlight previous information relevant to proceedings..lots of newbies will be unaware and plenty of holders won't mind the reminder. Gla holders..Big news coming!!! ;-)))

[funkmasterp12] 22/9/2016 09:13

I see STG are diversifying from oil and gold into... food?

Very strange. Surely they'd want to use their precious cash to fund all of this upcoming activity at HH-1. Which leads me to two conclusions:

1. They'll off their HH-1 share. This will undoubtedly get moneymunch excited, though for reasons aforementioned (ad nauseum) it would expedite UKOG's need to fund raise.

2. Nothing is happening any time soon at HH-1.

Or of course

3. STG are preparing another fund raise and/or strategy change.

Place your bets now. All imo.

[beebong1] 22/9/2016 08:37

Have just seen discussion on lse about PEDL 331. I missed bit yesterday that Angus had been named as the "operator". Guessing they are being used as Arreston well will be similar in design as those at Brockham and Lidsey. Also at the time of application they were the only ones that had actually drilled a well on there own. Don't think it will be long before that is changed to UKOG as the "operator".

[mikeygit] 22/9/2016 08:25

Agree--I do not see the point of re-regurgitating old news over and over--also guys who post an RNS verbatim, when one only has to click on to the RNS and read for themselves, I really cannot see the point!

[beebong1] 22/9/2016 08:04

Pot calling kettle. Only an idiot would shoot herself in the foot!

Lesson 3: BASHERS POST MANY TIMES A DAY. Moneymunch has posted up to 50 times in one day.

Lesson 2: BASHERS ALWAYS BRING UP OLD NEWS THAT YOU HAVE HEARD MANY TIMES. The above post has been published about 6 times. Think his record is probably about 10 times when he is getting really desperate. The original dates back to June.

[moneymunch] 22/9/2016 06:52

Nutech report on Pedl234 soon....significant upside more than likely. Gla ;-)

Stephen Sanderson, UKOG's Executive Chairman, commented: 5th August following Pedl234's acquisition.

"This is a transformational step for the Company and its position in the new Weald Kimmeridge Limestone oil resource play. The transaction more than doubles our net acreage position and potential recoverable resource base in the most prospective part of the play, all at a very reasonable entry price. The transaction makes UKOG the leading player and acreage holder in Kimmeridge oil and a significant player in the UK onshore oil industry.

The acquisition is an entirely logical step after the very positive flow test at HH-1. It fits perfectly into our overall 2-year strategy to de-risk and push the Kimmeridge play to the point of commercial development. The drill-ready and permitted BB-1 site, along with the permitted Holmwood-1 well immediately to the north-east, should, by the end of 2017, give us the opportunity to demonstrate the replicability of the HH-1 Kimmeridge results over a more significant area of the Weald Basin. In parallel, we will be pushing HH-1 towards first oil with planned long-term production tests, appraisal wells and 3D seismic.

The potential "cherry on the cake" from this acquisition is the opportunity to appraise the conventional Godley Bridge gas discovery 30+ years after its discovery and, most importantly, at the same time to test the underlying Kimmeridge limestones through a single dual-purpose well. We look forward to Nutech's Kimmeridge oil in the ground and the Godley Bridge net gas resource findings and their impact upon the Licence's value shortly.

2016 sees major progress in the Company's exciting journey to establish the Kimmeridge Limestone oil play and its economic potential for the south-east and the UK."

[moneymunch] 22/9/2016 06:43

Cheers wisteria...."Bashers only go after stocks that are moving up or have excellent potential to do so. Bashers work to bring the price down to either increase their position at the expense of others or help a Short make their bones."....

although in the case of Ukog and the rest of the HH players, we also have the TW factor, jealousy and envy, who now has more egg on his face than Humpty Dumpty. Gl ;-)


Lesson 3: BASHERS POST MANY TIMES A DAY. They try to wear you out. They comment on everything, every other post, and can answer every question. THEY KNOW IT ALL! There is no positive comment they won't Bash. They try to control the board. True longs may have to confront the Bashers or they will appear to the newbies as being the people with all the information. This is best accomplished by posting positive, well researched data on the company, repetitively, while trying hard not to engage the Bashers in direct repartee.

[wisteria2] 21/9/2016 22:07

Plastic fantastic made from oil!

[wisteria2] 21/9/2016 22:06

MM tar for your consistent positive attitude in the face of numerous negative deramping opinions, lies and not truths.!!!

GLA. good point rayrac! lol

[moneymunch] 21/9/2016 19:31

A little reminder...gla ;-)

UK Oil & Gas unveils ‘new’ Isle of Wight oil discovery

07:54 28 Jan 2016

A new assessment of a British Gas well from 1974 has defined some 219mln barrels of oil-in-place.

UK Oil & Gas (LON:UKOG) has ‘discovered217; some 219mln barrels of oil apparently overlooked in the past by British Gas on the Isle of Wight.

As one of the larger stakeholders in the Horse Hill discovery (aka the ‘Gatwick Gusher’), UKOG is no stranger to bold new oil claims. That project, located near the London airport, made headlines last year amid truly huge resource estimates (expressed by third parties in ‘billions of barrels’).

This morning, meanwhile, UKOG told investors that a new petrophysical analysis of the Arreton prospect, on the Isle of Wight, which was drilled by British Gas in 1974, has shown it to be an undeveloped discovery.

Across a number of reservoir intervals – called the Purbeck, Portland and the Inferior Oolite limestone - the project is now estimated to host some 219mln barrels of oil-in-place, with around 10.2mln currently deemed ‘recoverable’.

UKOG added that there’s further oil potential in the area, which also includes a landward extension of the offshore M prospect as well as other undrilled prospects within tight limestones and shales that are similar to those found at Horse Hill.

Stephen Sanderson, UKOG chief executive, highlighted that Arreton more than triples the company’s net recoverable resource base for conventional oil.

“The PEDL 331 Licence is thus a highly significant and material addition to our portfolio and will be a key part of the company's growth plans,” he said.

“We are well advanced in our plans to drill a vertical pilot and horizontal appraisal of the Arreton-2 oil discovery. We are confident that, since independently derived drilling costs are relatively modest, the economic viability of the project is robust even at reduced oil prices.”

He added that the plan is to pilot new and innovative limestone reservoir stimulation techniques which may maximise flow rates and recoverability without the use of “massive hydraulic fracturing.”

The new assessment of Arreton was conducted by consultant Xodus Group.

Arreton is located within PEDL 331, which was offered to UKOG and its partners Solo Oil (LON:SOLO) and Angus Energy in December 2015. The Arreton-2 well was drilled in 1974 by British Gas and at that time it unexpectedly encountered oil shows but subsequent well tests were unsuccessful.

At present, the new partners are working on documentation following December’s licensing round to finalise the regulatory arrangements, and the licence start date is expected in April.

Solo Oil chairman Neil Ritson, in a statement, said: "We are delighted with the technical progress being made on the recently offered licence PEDL 331 and look forward to further plans as they emerge from the licence group.

“The Arreton-2 discovery, Arreton Main, clearly contains significant potential for producible oil and there are similar undrilled prospects within the licence."

UKOG intends to accelerate discussions with the local planning authority on the Isle of Wight and plans to submit applications for a planned appraisal programme which will aim to confirm the new assessment of Arreton.

The company says it has already completed studies and cost estimates for potentially re-drilling the historic well, and it added that there’s also plans to conduct 2D seismic work too though this would come after a well.

[beebong1] 21/9/2016 12:35

Details of PEDL 331. Now they can apply for permission to drill. Lets see how long it takes!
Strange they have not reported it as it is 5 days since it was executed.

Licence PEDL331
Status Extant
Licence Start Date 21/07/2016 (Executed 16/09/2016)
Initial Term End Date 20/07/2021
Second Term End Date 20/07/2026
Licence End Date 20/07/2046 (Anticipated)
Licence Administrator Name ANGUS ENERGY LIMITED
Licence Administrator Registered No SC366110
Licence Administrator Group Name ANGUS ENERGY LIMITED

Licensee Name Registered No
ANGUS ENERGY LIMITED [SC366110]
SOLO OIL PLC [05542880]
UK OIL & GAS INVESTMENTS PLC [05299925]

Block/Subarea Operator Operator's Group Beneficiary Beneficiary's Group Interest
SZ38a
ALL ANGUS ENERGY LIMITED
[SC366110] ANGUS ENERGY LIMITED ANGUS ENERGY LIMITED
[SC366110] ANGUS ENERGY LIMITED 5%
SOLO OIL PLC
[05542880] 30%
UK OIL & GAS INVESTMENTS PLC
[05299925] UK OIL & GAS INVESTMENTS PLC 65%

SZ47
ALL ANGUS ENERGY LIMITED
[SC366110] ANGUS ENERGY LIMITED ANGUS ENERGY LIMITED
[SC366110] ANGUS ENERGY LIMITED 5%
SOLO OIL PLC
[05542880] 30%
UK OIL & GAS INVESTMENTS PLC
[05299925] UK OIL & GAS INVESTMENTS PLC 65%

SZ48a
ALL ANGUS ENERGY LIMITED
[SC366110] ANGUS ENERGY LIMITED ANGUS ENERGY LIMITED
[SC366110] ANGUS ENERGY LIMITED 5%
SOLO OIL PLC
[05542880] 30%
UK OIL & GAS INVESTMENTS PLC
[05299925] UK OIL & GAS INVESTMENTS PLC 65%

SZ57
ALL ANGUS ENERGY LIMITED
[SC366110] ANGUS ENERGY LIMITED ANGUS ENERGY LIMITED
[SC366110] ANGUS ENERGY LIMITED 5%
SOLO OIL PLC
[05542880] 30%
UK OIL & GAS INVESTMENTS PLC
[05299925] UK OIL & GAS INVESTMENTS PLC 65%

SZ58a
ALL ANGUS ENERGY LIMITED
[SC366110] ANGUS ENERGY LIMITED ANGUS ENERGY LIMITED
[SC366110] ANGUS ENERGY LIMITED 5%
SOLO OIL PLC
[05542880] 30%
UK OIL & GAS INVESTMENTS PLC
[05299925] UK OIL & GAS INVESTMENTS PLC 65%

[rayrac] 21/9/2016 11:17

Better to invest in kiddies toys, at least we know there's demand!👉7999;🤕ԅ18;

[rayrac] 21/9/2016 10:50

About time we had some news!

[moneymunch] 21/9/2016 08:13

That all depends if you're a hedger or a speculator......the oil markets volatility is unpredictable, especially with unforeseen world events that can make an impact. Let's see what Opec and friends decide upon at the end of the month. Gla ;-)

[beebong1] 21/9/2016 08:01

I would. Not everyone jumps ship!

Perhaps a view of oil futures may give some an insight into the real world. Just goes to show what can happen in a month. If you invest or trade yet another useful tool IMO.

19/8/16
Contract Last Change Open High Low Previous Volume Time
CBY00 (Cash) 49.33s +0.46 0.00 49.33 49.33 48.87 0 08/18/16
CBV16 (Oct '16) 50.64 -0.25 50.96 51.22 50.32 50.89 74,285 04:32
CBX16 (Nov '16) 50.85 -0.30 51.11 51.48 50.60 51.15 37,715 04:32
CBZ16 (Dec '16) 51.25 -0.30 51.61 51.87 51.01 51.55 26,723 04:32
CBF17 (Jan '17) 51.61 -0.32 51.86 52.26 51.42 51.93 5,974 04:31
CBG17 (Feb '17) 52.00 -0.31 52.35 52.64 51.82 52.31 3,321 04:31
CBH17 (Mar '17) 52.40 -0.28 52.76 53.01 52.21 52.68 4,152 04:29
CBJ17 (Apr '17) 52.71 -0.28 52.89 53.31 52.57 52.99 1,195 04:31
CBK17 (May '17) 53.00 -0.26 53.22 53.54 52.88 53.26 680 04:11
CBM17 (Jun '17) 53.25 -0.25 53.48 53.82 53.07 53.50 3,305 04:32
CBN17 (Jul '17) 53.74s +1.04 0.00 53.74 53.74 52.70 2,080 08/18/16
CBQ17 (Aug '17) 53.98s +1.03 53.30 53.98 53.30 52.95 1,670 08/18/16
CBU17 (Sep '17) 54.19s +1.02 53.00 54.19 53.00 53.17 2,683 08/18/16
CBV17 (Oct '17) 54.41s +1.01 0.00 54.41 54.41 53.40 1,279 08/18/16
CBX17 (Nov '17) 54.60s +1.01 0.00 54.60 54.60 53.59 597 08/18/16
CBZ17 (Dec '17) 54.62 -0.15 54.77 55.07 54.43 54.77 3,925 04:21
CBF18 (Jan '18) 54.98s +0.99 0.00 54.98 54.98 53.99 489 08/18/16
CBG18 (Feb '18) 55.18s +0.98 0.00 55.18 55.18 54.20 267 08/18/16
CBH18 (Mar '18) 55.39s +0.98 0.00 55.39 55.39 54.41 511 08/18/16
CBJ18 (Apr '18) 55.61s +0.97 0.00 55.61 55.61 54.64 185 08/18/16
CBK18 (May '18) 55.84s +0.96 0.00 55.84 55.84 54.88 43 08/18/16
CBM18 (Jun '18) 55.83 -0.21 56.32 56.34 55.83 56.04 401 04:14
CBN18 (Jul '18) 56.26s +0.95 0.00 56.26 56.26 55.31 13 08/18/16
CBQ18 (Aug '18) 56.41s +0.94 0.00 56.41 56.41 55.47 13 08/18/16
CBU18 (Sep '18) 56.56s +0.94 0.00 56.56 56.56 55.62 800 08/18/16
CBV18 (Oct '18) 56.70s +0.93 0.00 56.70 56.70 55.77 232 08/18/16
CBX18 (Nov '18) 56.82s +0.92 0.00 56.82 56.82 55.90 232 08/18/16
CBZ18 (Dec '18) 56.77 -0.17 57.26 57.26 56.77 56.94 530 04:14

20/9/16
CBY00 (Cash) 45.97s +0.19 0.00 45.97 45.97 45.78 0 09/19/16
CBX16 (Nov '16) 46.14 +0.19 45.91 46.30 45.09 45.95 298,671 16:08
CBZ16 (Dec '16) 46.62 +0.20 46.31 46.77 45.57 46.42 231,145 15:59
CBF17 (Jan '17) 47.13 +0.19 46.88 47.28 46.11 46.94 60,788 15:59
CBG17 (Feb '17) 47.65 +0.20 47.39 47.79 46.63 47.45 36,174 15:59
CBH17 (Mar '17) 48.16 +0.21 47.90 48.30 47.16 47.95 42,516 15:59
CBJ17 (Apr '17) 48.60 +0.19 48.36 48.77 47.65 48.41 12,112 15:51
CBK17 (May '17) 49.03 +0.20 48.66 49.19 48.13 48.83 7,976 15:51
CBM17 (Jun '17) 49.45 +0.24 49.15 49.58 48.51 49.21 40,392 15:59
CBN17 (Jul '17) 49.62 +0.07 49.41 49.82 48.96 49.55 3,672 14:57
CBQ17 (Aug '17) 49.27 -0.57 49.27 49.86 49.27 49.84 2,927 13:28
CBU17 (Sep '17) 49.90 -0.17 49.90 50.10 49.90 50.07 5,116 09:15
CBV17 (Oct '17) 50.10 -0.20 50.10 50.32 50.10 50.30 1,290 05:28
CBX17 (Nov '17) 50.25 -0.27 50.30 50.53 50.25 50.52 2,795 11:59
CBZ17 (Dec '17) 50.89 +0.18 50.64 50.99 50.06 50.71 45,415 15:59
CBF18 (Jan '18) 50.92 unch 0.00 50.92 50.92 50.92 477 13:44
CBG18 (Feb '18) 51.13 -0.01 0.00 51.13 51.13 51.14 1,460 13:44
CBH18 (Mar '18) 51.37 -0.01 0.00 51.37 51.37 51.38 1,554 13:44
CBJ18 (Apr '18) 51.60 -0.02 0.00 51.60 51.60 51.62 21 13:44
CBK18 (May '18) 51.84 -0.03 0.00 51.84 51.84 51.87 27 13:44
CBM18 (Jun '18) 52.23 +0.12 52.00 52.31 51.52 52.11 3,759 15:30
CBN18 (Jul '18) 52.32 -0.04 0.00 52.32 52.32 52.36 12 13:44
CBQ18 (Aug '18) 52.51 -0.05 0.00 52.51 52.51 52.56 12 13:44
CBU18 (Sep '18) 52.70 -0.05 0.00 52.70 52.70 52.75 47 13:44
CBV18 (Oct '18) 52.89 -0.05 0.00 52.89 52.89 52.94 0 13:44
CBX18 (Nov '18) 53.03 -0.06 0.00 53.03 53.03 53.09 0 13:44
CBZ18 (Dec '18) 53.31 +0.08 53.10 53.43 52.69 53.23 7,776 15:30

[moneymunch] 21/9/2016 06:58

With GUN increasing their stake in ALBA to 4% plus by buying 60m shares this week, i wouldn't be surprised if they're now ready to sell their 2% direct interest in HH to Ukog, for a bit of cash but mostly Ukog shares.......giving them all the benefits of the potential upside ahead both at HH and Brockham without any of the development costs etc....watch this space. gla ;-)

[moneymunch] 20/9/2016 18:53

OPEC may hold formal meeting in bid to cut production, boost prices
Posted by Bloomberg
Date: September 20, 2016

OPEC may turn its planned informal meeting in Algiers next week into a formal session as it seeks ways with other producers to cut crude supplies by 1 million barrels a day to re-balance markets and stabilize prices, Algerian Energy Minister Noureddine Bouterfa said.

OPEC will hold an informal meeting after the closing session of the International Energy Forum conference in Algiers on the afternoon of Sept. 28, Bouterfa said on public radio. Depending on discussions until then or even during the informal session, OPEC ministers, since all will be present, can transform the gathering into an extraordinary meeting, he said.

Oil has fluctuated since August’s rally on speculation that the Organization of Petroleum Exporting Countries and Russia will agree next week in Algiers on a strategy to support prices amid an oversupply. OPEC’s 14 members are pumping more than 33 million barrels a day, and inventories will grow even more if no action is taken, Bouterfa said.

“The question is at what level we would freeze or reduce output — we need to find the good compromise in order not to destabilize the market,” Bouterfa said. “It’s necessary at least to reduce by 1 million barrels a day to re-balance the market. Will we get there? We are working for that.”

[beebong1] 20/9/2016 17:56

mikeygit
No other minor councils. All the local minor councils combine to make up the National Parks Authority in various areas.

Full of interesting information if you are so inclined and no district will be the same lol

www.southdowns.gov.uk/planning/

www.gov.uk/government/publications/plain-english-guide-to-the-planning-system